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20121222
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in july, early july, and today we're up 3.7% at 1928. however, look at a one--year chart of the dow comparing it to the vix. what often happens is when the vix peaks as it did in june and july, that can mark a bottom in the stock market so we're starting to move up again. i'm just saying. not trying to forecast anything and here's what happened today at the dow, sort of falling off here in the latter part of the hour but not off. off the lows of the day. down 21 points. material stocks were the strength today. up 1.5%. everybody else was either unchanged or lower. what do you make of the increased volatility or increased fear here, david darst, as we go into the end of the year? >> one of the best charts is the vix being high. it was a time to buy. in chicago that's a famous saying. when the vix is high it's time to buy. >> we high enough yet? >> not yet, not yet. got the fiscal cliff issues which you've talked about a lot here. >> yes, we have. >> jobs coming out on friday. morgan stanley looking for 185,000. basically the housing market, you had the case schiller numbers today. it
on july the 25th the democratic bill is, quote, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called senate bill is nothing more than a glorified sense of the senate resolution so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that havin
're in for any kind of calamity. >> 20.3. >> that was in july. look at the february and april. they're actually -- well, april is just about even where we are now. february certainly doesn't suggest any kind of a plunge. >> no, doesn't portend any kind of craziness. thank you, mary. >> tyler. michelle, thank you. with senate majority leader harry reid warning we are going over the fiscal cliff, let's pose the question is it better if that were to happen. are automatic spending cuts perhaps what the country needs? josh bulk is a national correspondent with the fiscal times. josh, good to have you back. good to see you. >> good to see you. >> it's not all that bad if we go over the cliff. is there a good, compelling argument to make for doing so? >> there are compelling arguments to make for going over the cliff. it might create pressure for a genuine and real deal, not just with tax reform but spending cuts, but there's a lot of dangers in doing it. one of the big things that's screaming on my radar is the alternative minimum tax. that's a tax that is meant to prevent the wealthiest from escapin
it was in wake of the preannouncement. if you bought the stock the last time ceo was on in july, you have lost 19%. let's check in with vivek ranadive, founder and chairman of tibco software. let's find out about the quarter and company's prospects. welcome back to the show. >> jim, thank you for having me. it's always a pleasure to be on. >> all right. when things are great, we say how come they were so great, what happened? you were very candid on your call. what went wrong and how are you fixing it? >> well, jim, we failed to execute in north america in our core business. it was entirely our fault. no excuses. we have made a leadership change and that takes effect starting now. but there were parts of our business that were very strong. visual analytics were up. there's no question there is strong demand for our products. we failed to execute in certain areas. >> okay. there was one -- i know everyone knows the federal government is having a tough time. they seem to have spent less with you than they did previously. the federal government stiff you? what happened? >> it was bad execution. i ca
. peaked in july 2006, in part because they did a 5-1 split. even though they weren't supposed to do anything this encouraged people who had been in hansen a long time to take it off the table. and it picked up its fourth analyst, may 10, 2006 when goldman started covering the stock. two months to sell between goldman's initiation and the stock peak. prudence dictated we sell once the stock had four analysts. better to clear out early with inning than to wait for them to fade away. hansen and all other hot stocks started to cool off. and incredibly after hansen fell off the radar screen, and the active analyst coverage dwindled, the stock dwindled. an amazing ren nance, and when analysts stop following the company, but the company's earnings start speculating as the case with hansen in 2011, a storied lazarus like move can happen. especially when monster ended up vanquishing the competition, when everyone said would wipe out monster, but didn't materialize, after the dramatic fall from grace, they renamed the company monster. you must know when to sell and that comes when you see too
, on the floor we call it the growth dividend. if you look at a chart for our ten-year starting on july 26th, and i pick july 26th because that was mario draghi's big day. he said anything it takes. as you look at our rates over that period, then look at the boon rates over that period. you can see that the growth/disparity, our yields are higher in that formation than boon yields, because even though funding issues have been largely contained since that july 26th day, we can still see that the prospects for growth may be reflected in these charts, as the prospects for growth are larger in the u.s., fiscal cliffs issues would make it larger. foreign exchange, mainly everybody on this post-holiday, light volume session, seems to have one eye on the yen. whether it's against the u.s. currency, the dollar/yen or euro/yen. both patterns look more aggressive on the dollar side. obviously abe as prime minister is going to bring along with him the largest printing press we can remember recently. and that, of course, will start a chain reaction and maybe other printing presses will run a little fast
talked about this is a couple of years ago when we hit hit it in july and i was dead wrong. i was entirely dead wrong. i thought congress would make sure we wouldn't lose our aaa debt rate. >> and we did. >> and -- yeah. i figured certainly logically that yields would go up on bonds. and that the stock market would fall and just the opposite happening. what happen this time to the markets still have patience. you know, rinehart talk about that bang moment when countries are able to continue to issue really cheap debt for a long, long time. sounding like forever and boom. it stops. i don't think that will be this moment. but sooner or later, the world's financing capability and -- intentions and -- stop. >> what do you do right now? i think a lot of people who were watching don't understand necessarily what impact hitting the debt ceiling would necessarily mean to them or to the nation's finance. personally, i think there is a lot of pier mongering in washington and i don't think it is necessarily that big of a deal. what do you do with your finances right here? what are you in
. >> sitting at 21.29. >> a level we haven't seen since july when the market peaked so a few more people are throwing in the towel as we go into the weekend. >> a pity. so much focus on what people call it noise or headlines, whatever we want to say. we did get positive economic data today, didn't we, in the form of housing data and home sales data and the chick pmi and that's pretty much being ignored and everyone is focusing on what headlines come out of washington. we'll be back with the closing countdown. >> and i'll talk to one trader who has been one of the most positive on the floor expecting a resolution. we'll get his take now. also, after the bell health care stocks have had a pretty good year but what happens under obama care next yore? how to play that sector still ahead. you're washing cnbc, first in business worldwide. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] glucerna hunger smart. to the best vacation sp(all) the gulf
points, losing a quarter of its value in a matter of days, when in july of 2012 it reported a disappointing quarter that suggested the company might be more vulnerable to economic weakness than we previously thought. we thought it was a secular grower. suddenly there was the question did it have cyclical weakness? chipotle had been riding up for years, massive gains still, but after a growth name loses its mojo, got to be cautious because the pain can last for years as the stock goes through a painful process of george costanza-like multiple shrinkage. yeah, years, as momentum-seeking investors gradually play less and less for progressively slower earnings growth, and so they -- all the growth managers get shaken out and the multiple sinks to levels where the value-oriented investors become interested, think maybe there's a takeover. when you see multiple compression don't hang on for the full ride down. just sell. you can catch it later, believe me. bottom line, to build a portfolio that can work in every kind of market, you need a fast grower, preferably a secular growth s
for the first time since july. which would mean that the market was actually getting sweaty palms here, don't you think? >> yeah. it's getting pretty chaotic. the interesting thing to me is you look at the volume. the volume is extremely low. look at a stock like apple. shares 20 million shares in a day. today half the volume. traded 10 million shares. came out and said the house would meet on sunday. the market rallied to the upside this. reminds me of a different scenario. not going to use the dishwasher one. it will remind me of greece. greece is getting bailed out. and going on back and forth. will there be a deal by december 31st? i don't think so, but if a deal gets penned out by mid-january, we can look forward to focusing on earnings and get this fiscal cliff over with so we can see what's going on important in the world, and that's earnings. >> let me -- can i comment on that? >> yeah, sure. >> i want to comment on rick santelli's optimistic view that maybe there really is a deal in the offing. he has a point, you know. it's not over, you know, until it's over and these guys do som
nationwide consumer confidence came in at the lowest rating since july. >> there's no question, especially from sandy, at the beginning of november, there was a lot to make up as we got throughout the course of november. but black friday came back nicely. we actually think that it's more going to affect some of the lower income consumers as you look back at the consumer confidence numbers than the higher end special names. we think it will hold it pretty well throughout the season. >> speaking of high end specialty names, you do favor coors and lululemon, those are some of the highest retailers out there. what do you see coors doing right? what sorts of sales numbers do they need to see this season to justify the valuation? >> they're at about 27 times. which given the kind of growth rate they've seen, i don't think it's all that expensive. the same-store sales were 25% last quarter. don't see that slowing even though we have modeled in a slowdown from that. not just at their retail stores, where they have a lot of room to open more stores. at the wholesale accounts, the big department sto
a bill back in july. why can't the house just confirm that? >> oh, come on because the senate is a joke. they haven't even been able to pass a budget in over three years. come on. >> the senate passed a deal in july that dealt with the amt. it dealt with dividends and capital gains and it dealt with the, the fundamental issue of the tax rates. so i mean -- >> no, it dealt with the -- >> -- won't go up. >> i mean, let's have some consensus. let's at least agree on the things that we agree on, and then work on the more troubling issues afterwards. >> i saw annie yesterday, keith, and daddy warbucks had that same hairstyle. i think it's very compelling. i think -- >> i don't know if i'd call it a hairstyle. >> but it's a power, daddy warbucks was hot. he was. >> power. >> power i think is what it is. >> not a lot of response to that one. >> i think you know exactly what you're doing, yeah. anyway, thank you, susan. thank you. >> don't try it susan. you look good like you do. all right, see you later. thank you. >> okay, guys. coming up, the latest on the winter snowstorm that's slamming th
a different flag hanging over our house on the fourth of july. >> there's a lot of people that say what we need to do, we can run a 2% deficit. we need to get back to "x" amount of revenue, and "y" amount of government spending. and most people say somewhere between like 18 revenue, 20 spending, maybe 19 revenue, 21 pending. given what the democrats and the white house are offering on the spending cuts, do you feel that maybe they're thinking they want to keep it at 23, 22, 24? we're not seeing anything that gets us anywhere near 20 or 21 in terms of the offers we're seeing from them. are we? >> no. no. i mean, this would be like, you know, in 1969, we landed the first man on the moon. but it would have never happened if -- the only thing they worried about was exactly how the, you know, the lunar module was going to land, but not how they were going to leave the atmosphere of the earth. you can't worry about the little details on these tax issues. as much as the winners of the election want to punish the rich, because i can't think of any other reason that we dwell so much on that side of
depot's annual revenue comes for the quarter that ends in july, about the same for lowe's as well. those are two stocks to watch in today's decision. but the nrf guy also made a point of saying that containers are coming in, and there could be a backup that needs to be resolved. even if the situation is resolved in a matter of days, there are still going to be containers that are stacked and they've got to work through that backlog before they can take in new containers. so there will be a ripple effect. >>> let's bring in peter anderson, senior portfolio manager with congress manage asset. good to see you. >> thank you. >> at this point, what is the risk to the markets? risk to the upside or the downside if a deal is reached? >> well, i first have to tell you that strategically, i'm not really factoring that the whole fiscal cliff picture into a longer term portfolio strategy. i think it's very, very difficult to do that however, like everybody else, we are glued to the headlines to see how this thing is going to play out. butting that being said, i think the main important reason is th
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be brought up, it would pass overwhelmingly, i repeat. any given day the past six months, since july 25th, speaker boehner could have the middle class tax cut legislation to vote in the house and it would pass. but he is doing -- made the decision he is not going to let a vote on that because if he let it be voted upon it would pass. i have said here, mr. president, it is not too late for the speaker to take up the senate-passed bill but that time is even winding down. today is thursday. he is going to give 48 hours' notice to the house before they come back. so, 48 hours from today is saturday. with just that one vote, middle class families would have the secure that their taxes wouldn't go up by at least $2200 on new year's day. that's the average. some would go up more, some less, of course. speaker boehner should call members to of the house back to washington today. he shouldn't have let them go, in fact. they're not here. they're not here. john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing it is obvious, mr. president, wha
Search Results 0 to 20 of about 21 (some duplicates have been removed)

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